I have potential S8 tenant with 2 kids (16 yo son and 20 yo daughter). She doesn't work. She and her son receive SSD benefits. 1st red flag - during the phone screening, she told me she has 1 dog. I told her we do...
Hey guys i am currently bidding on a deal i want to wholesale. I got my contractor out to the property to give me a repair estimate and the amount of money to repair the property is $140,835 and the ARV is bewtween 1...
I've been renting houses for some time now and I'm always taken back by the comment "I prefer to rent from an owner/landlord directly" from prospective tenants. My inclination is that this is a red flag as it immediat...
Hey All,
I have zero experience in real estate. My aspirations include becoming a real estate developer, so I want to learn as much as I can. I heard the deal starts with the land purchase!
How would you structure ...
I got the below message from a prospective tenant, stating her credit is not good but she can front money to offset this fact. I’m in Maryland and I think the most the law will allow is 2x rent for a security deposit....
We have a rental opening up Nov 1, and have one applicant with a credit score of 790 offering to pay the full years rent up front. Red flag?Thank You
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Hi everyone,I am a new member trying to remodel/rehab a house. What is the best way to find good general contractors (reasonably priced, delivers on time, committed to quality) ?What are red flags ?
My partner and I working full time with W2s and our income is above the $150k limit. AFAIK We can not use the rental loss to offset our W2 incomes without RE professional status.I understand it is usually tricky to cl...
Hello,I've noticed two particular MF properties in the FT Worth area that have been on the market for approximately six to eight months. One is a 4-plex, one is an 8-plex. The 4-plex is listed for $189,900 and the 8...